capital markets

2013 brings further changes in laws governing the capital market

A number of changes in two key laws governing the capital market—the Investment Funds Act and the Public Offerings Act—will go into effect in 2013.

Can a company defend against a hostile takeover?

When reports become public of plans for a hostile takeover of an exchange-listed company, the question arises whether the company may take any measures to oppose the takeover.

New rules for settling securities transactions

A bill to amend the Act on Trading in Financial Instruments was adopted on 28 June 2012

Danuta Pajewska: Dual listing increases the opportunities for raising capital

An interview with Danuta Pajewska, the partner in charge of the Capital Markets practice and the Financial Institutions practice at Wardyński & Partners, about the advantages for a company when its shares are admitted to trading on more than one stock exc

Audit committees in public companies

When a company is listed on the stock exchange, it should appoint an audit committee within the supervisory board. The committee must include an independent director with audit or accounting competence.

Foreign exchange permits and reporting

Although foreign exchange permits are rarely required in Poland anymore, companies must still remember about certain central bank requirements in this area.